Common use of Remuneration Clause in Contracts

Remuneration. 5.1 Commission shall be agreed between the Parties, and shall be set out in the relevant Slip. 5.2 The Broker may deduct the Commission upon receipt of the premium. 5.2.1 Where premium is payable in more than one instalment, the Broker will only deduct the proportion of Commission that the instalment premium bears to the premium as a whole, unless otherwise agreed on a risk-by-risk basis between the Parties.

Appears in 12 contracts

Samples: Terms of Business Agreement (Non Risk Transfer), Terms of Business Agreement, Terms of Business Agreement

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Remuneration. 5.1 6.1 Commission shall be agreed between the Parties, Parties and shall be set out in the relevant SlipSlip or as otherwise agreed. 5.2 6.2 The Broker Producer may deduct the Commission upon receipt of the premium. 5.2.1 6.3 Where premium is payable in more than one instalment, the Broker Producer will only deduct the proportion of Commission that the instalment premium bears to the premium (as a whole), unless otherwise agreed on a risk-by-risk basis between the Parties.

Appears in 6 contracts

Samples: Terms of Business, Terms of Business, Terms of Business

Remuneration. 5.1 Commission shall be agreed between the Parties, and shall will be set out detailed in the relevant Slip. 5.2 The Broker may deduct the Commission upon receipt of the premium. 5.2.1 Where premium is payable in more than one instalment, the Broker will only deduct the proportion of Commission that the instalment premium bears to the premium as a whole, unless otherwise agreed on a risk-by-risk basis between the Parties.

Appears in 4 contracts

Samples: Terms of Business Agreement, Terms of Business Agreement, Terms of Business Agreement

Remuneration. 5.1 Commission shall be agreed between the Parties, and shall be set out in the relevant Slip. 5.2 The Broker may deduct the Commission upon receipt of the premium. 5.2.1 Where premium is payable in more than one instalment, the Broker will only deduct the proportion of Commission that the instalment premium bears to the tothe premium as a whole, unless otherwise agreed on a risk-by-risk basis between the Parties.

Appears in 4 contracts

Samples: Terms of Business Agreement (Toba), Terms of Business Agreement (Toba), Terms of Business Agreement (Toba)

Remuneration. 5.1 Commission shall be agreed between the Parties, parties and shall be set out in the relevant Slipcorrespondence as accepted in accordance with clause 25. Service of Notices below. 5.2 The Broker may deduct the Commission upon receipt of the premium. 5.2.1 Where premium is payable in more than one instalment, the Broker will only deduct the proportion of Commission that the instalment premium bears to the tothe premium as a whole, unless otherwise agreed on a risk-by-risk basis between the Parties.

Appears in 3 contracts

Samples: Terms of Business Agreement (Toba), Terms of Business Agreement (Toba), Terms of Business Agreement (Toba)

Remuneration. 5.1 Commission shall be agreed between the Parties, and shall will be set out detailed in the relevant Slipslip. 5.2 The Broker may deduct the Commission upon receipt of the premium. 5.2.1 Where premium is payable in more than one instalment, the Broker will only deduct the proportion of Commission that the instalment premium bears to the premium as a whole, unless otherwise agreed on a risk-by-risk basis between the Parties.

Appears in 2 contracts

Samples: Terms of Business Agreement, Terms of Business Agreement

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Remuneration. 5.1 Commission shall be agreed between the Parties, and shall be set out in the relevant Slip. 5.2 The Broker may deduct the Commission upon receipt of the premium. 5.2.1 Where premium is payable in more than one instalment, the Broker will only deduct the proportion of Commission that the instalment premium bears to the premium as a whole, unless otherwise agreed on a risk-by-by- risk basis between the Parties.

Appears in 1 contract

Samples: Terms of Business Agreement

Remuneration. 5.1 Commission shall be agreed in writing between the Parties, and shall be set out in Parties and/or determined within the relevant SlipSchedule. 5.2 The Broker may deduct the Commission upon receipt of the premiumgross annual premium received in full. 5.2.1 Where premium is payable in more than one instalment, the Broker will only deduct the proportion of Commission that the instalment premium bears to the premium as a whole, unless otherwise agreed on a risk-by-risk basis between the Parties.

Appears in 1 contract

Samples: Terms of Business Agreement

Remuneration. 5.1 Commission shall be agreed between the Parties, and shall be set out in the relevant Slip. 5.2 The Broker may deduct the Commission upon receipt of the premium. 5.2.1 Where premium is payable in more than one instalment, the Broker will only deduct the proportion of Commission that the instalment premium bears to the premium as a whole, unless otherwise agreed on a risk-by-risk basis between the Parties.Broker

Appears in 1 contract

Samples: Terms of Business Agreement

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